Acquisitions NEWS

Vestar Acquires Retail Center in Seattle Area for $31.4 Million

Vestar, one of the largest privately held retail real estate companies in the western United States, announced today that it has acquired James Center, a retail center in Tacoma, WA, for $31.4 million.

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Vestar and Oaktree Acquire The Gateway Retail and Entertainment Center in Salt Lake City

Vestar, in a joint venture with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), announced today that it has acquired a 623,205 square foot open-air retail and entertainment center within The Gateway in the heart of downtown Salt Lake City.

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Vestar and AEW Form Joint Venture to Acquire Tempe Marketplace

Vestar, one of the largest privately held retail real estate companies in the western United States, and AEW Capital Management (AEW) have partnered to acquire Tempe Marketplace for $367 million.  Vestar previously owned the 1.3 million-square-foot, open-air retail center with Rockwood Capital, LLC (“Rockwood”) which is exiting its investment after a five year hold.  AEW acquired the property on behalf of the AEW Core Property Trust.

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Vestar Completes $120 Million Buyout of Joint Venture Partner for Full Ownership of the District at Green Valley Ranch Retail Center in Henderson, Nevada

Vestar, one of the largest privately held retail real estate companies in the western United States, announced today it has completed a buyout of The District at Green Valley Ranch, in Henderson, Nevada.

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Rockwood Capital and Vestar sell Talega Village Center in San Clemente, Calif. for $23 Million

Rockwood Capital and Vestar announced today that they sold Talega Village Center, a 102,282 square foot grocery-anchored center located in an upscale subdivision of San Clemente to Equity One for $23 million. Rockwood Capital originally developed the project, and Equity One and Vestar bought an interest in the center in December 2010.

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Vestar Secures $45 Million Loan for Village at Orange in Orange, California

Vestar announced today that it had secured acquisition financing for Village at Orange, an 855,728-square-foot regional mall located in the heart of Orange County on 60+ acres in Orange, Calif. The total loan consideration from Bank of America is $45,430,000 with the interest on the loan set at a variable rate above Libor. Vestar acquired the asset for cash in September of 2013.

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